Euro Corporation, a U.S. corporation, operates through a branch in Germany. During 2021, the branch reported taxable income of $1,095,000 and paid German income taxes of $328,500. In addition, Euro received $53,800 of dividends from its 5 percent investment in the stock of Maple Leaf Company, a Canadian corporation. The dividend was subject to a withholding tax of $5,380. Euro reported U.S. taxable income from its manufacturing operations of $1,041,200. Total taxable income was $2,190,000. Pre-credit U.S. taxes on the taxable income were $459,900. Included in the computation of Euro's taxable income were "definitely allocable" expenses of $547,500, 50 percent of which were related to the German branch taxable income. Complete pages 1 and 2 of Form 1118 for just the foreign branch income reported by Euro. (Use 2021 tax rules regardless of year on tax form.)